Toyota set to overtake GM next year
NAGOYA - Toyota expects to produce a record 9,42-million vehicles next year, a 4% rise that should take it past General Motors (GM) as the world’s biggest car maker.
As the Japanese firm woos buyers worldwide with cars seen as safe, affordable and fuel efficient, US rivals GM and Ford battle falling market share, closing factories and shedding thousands of jobs.
Soaring fuel prices have battered Detroit’s auto heartland, with customers shunning gas-guzzling pickups in favour of cheaper-to-run models from Japanese and South Korean car makers.
story continued
As the Japanese firm woos buyers worldwide with cars seen as safe, affordable and fuel efficient, US rivals GM and Ford battle falling market share, closing factories and shedding thousands of jobs.
Soaring fuel prices have battered Detroit’s auto heartland, with customers shunning gas-guzzling pickups in favour of cheaper-to-run models from Japanese and South Korean car makers.
story continued
posted by anthony m, at Friday, December 22, 2006
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